The fire which started at about 3am was put out by a combined team of officers from Tolu Police Division and the Lagos State Fire Service.
A statement signed by the spokesperson of the state police command, SP Benjamin Hundeyin, states that a 65-year-old security guard lost his life in the incident.
Lagos state Commissioner of Police, CP Idowu Owohunwa, has urged Lagosians to remain calm as the State Criminal Investigation Department has been directed to take over the investigation towards unraveling the true circumstances surrounding the attack.
He equally calls for restraints in giving any form of extraneous coloration to the incident, while assuring that the outcome of the investigation will be made public.
Update: Police begin investigation into suspected arson at Akere market
